Equities Analysts Offer Predictions for Quipt Home Medical Corp.’s Q4 2021 Earnings (NASDAQ:QIPT)

Quipt Home Medical Corp. (NASDAQ:QIPT) – Equities researchers at Raymond James lowered their Q4 2021 EPS estimates for Quipt Home Medical in a report issued on Thursday, September 16th. Raymond James analyst R. Sarugaser now forecasts that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.05. Raymond James has a “Outperform” rating and a $9.00 price objective on the stock. Raymond James also issued estimates for Quipt Home Medical’s Q3 2022 earnings at $0.10 EPS and FY2022 earnings at $0.34 EPS.

QIPT has been the subject of several other research reports. Beacon Securities reissued a “buy” rating on shares of Quipt Home Medical in a research note on Tuesday, June 1st. Leede Jones Gab reissued a “buy” rating on shares of Quipt Home Medical in a research note on Wednesday, June 2nd. Finally, Colliers Securities reissued a “buy” rating on shares of Quipt Home Medical in a research note on Wednesday, June 2nd.

Shares of QIPT stock opened at $5.96 on Friday. The company has a 50-day moving average of $6.03. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. Quipt Home Medical has a 1-year low of $3.65 and a 1-year high of $8.40.

Quipt Home Medical (NASDAQ:QIPT) last issued its earnings results on Sunday, August 22nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.16.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new stake in Quipt Home Medical during the second quarter worth approximately $35,000. Geode Capital Management LLC acquired a new stake in Quipt Home Medical during the second quarter worth approximately $86,000. Private Advisor Group LLC acquired a new stake in Quipt Home Medical during the second quarter worth approximately $122,000. JPMorgan Chase & Co. acquired a new stake in Quipt Home Medical during the second quarter worth approximately $210,000. Finally, Salem Investment Counselors Inc. acquired a new stake in Quipt Home Medical during the second quarter worth approximately $219,000. 14.69% of the stock is owned by institutional investors and hedge funds.

Quipt Home Medical Company Profile

Quipt Home Medical Corp. provides in-home monitoring equipment, supplies, and services for patients in the United States. It offers daily and ambulatory aides; power mobility equipment; BiPAP and CPAP machines, oxygen concentrators, and ventilators; oxygen therapy; sleep apnea and PAP treatment equipment; disease management services; and home ventilator equipment, as well as rents respiratory equipment.

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Earnings History and Estimates for Quipt Home Medical (NASDAQ:QIPT)

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